The directors of Hamtern are very excited to announce the finalisation of a transaction in which Mohau Equity Partners has acquired a 51% stake in Hamtern Financial Services, effective from 1 March 2019.

Mohau is an investment holding company founded by Dr Penny Osiris (Moumakwa). The company is a strategic long-term investor, majority owned and controlled by black stakeholders, with 30% being held by black women with Discovery holdings Ltd as a strategic partner. The founders and principals of Mohau have held senior leadership and operational roles in top South African companies, including Discovery Ltd, Nedbank, Standard Chartered Bank, Ethos Private Equity, and various other leading corporates and parastatal institutions.

Unquestionably, Mohau represents an organisation that would best secure the embedded value of Hamtern and its future growth. The attached letter gives greater detail on the transaction.

Hamtern is in the process of being accredited and is anticipating achieving a B-BBEE contribution status level 2.

The directors of Hamtern sincerely value you as our client and look forward to providing an exemplary service to you well into the future.